About Continuum
Continuum Capital Management Ltd is an Australian based fund management firm offering services to wholesale investment clients. Our mission is to be a recognised innovator in the use of investment technology and techniques that add value for our clients.
Our Name
When we sat down to consider building our investment management firm we quickly came to the conclusion that we did not want to replicate the segmentation found within many fund managers: we wanted a unified investment process and a unified investment team. We felt Continuum, a whole which cannot be naturally segmented, was the perfect name for our business.
This is the genesis of our name and below we discuss how this philosophy manifests itself in what we do.
Unified Investment Process
To regard trading as simply the implementation of investment decisions tends to result in investing and trading being treated as separate activities. We see the world differently. We see investing and trading as two ends of one continuum.
Preventing Alpha Leakage
By offering a unified investment process that takes account of both low frequency 'investment' signals and high frequency 'trading' signals we seek to prevent the alpha leakage common in many investment processes.
Analysing High & Low Frequency Data
Our investment process is able to be unified across the continuum because our datasets are ordered in terms of time rather than date and because our analytical tools handle intra-day data as easily as they handle daily or monthly data.
Event Driven Approach
Analysing data at higher resolution enables us to answer questions about how stocks behave as news actually hits the market, which in turn enables an event-driven investment process: we seek to minimise the time between an event occurring in the market, the determination of a signal and the execution of a trade within a portfolio.
Unified Team
Consistent with our unified approach to the investment process, we do not silo investment professionals as traders, analysts or portfolio managers. We have adopted an integrated approach that sees all investment professionals involved in all aspects of the investment process and seeking to add value wherever it can be identified.
Frequency ≠ Turnover
Whilst High Frequency analysis is often associated with high turnover, this will not be the case if transaction costs are introduced properly. We find that with a proper after cost economic comparison one can marry signals across the frequency continuum and capture alpha wherever it lies.